I ran across a thread over at RPG.net. It is written by a guy who had never experienced old school play before. I'm not sure what his past experience was, but he seems to have missed OD&D the first time around. Anyway, he has some actual-play posts along with his thoughts on old school play and OD&D. I always enjoy hearing about someone "seeing the light". It seems they spend a lot of time running from shit, which is the #1 survival skill in the old school. One thing I've found interesting is that his group has made some poor decisions, but they survive. Maybe he has a lenient referee, I don't know, but I prefer to think that OD&D characters aren't as fragile as later editions would have us think. This group survives its bad decisions, learns from the mistakes, and heads back into the dungeon. Great stuff.
This is the thread, if you want to check it out. It is very entertaining.